Paul’s Substack
Paul JacobsonMy personal Substack largely about the Canadian economy.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 93 | Founded | 3 years ago | Last Issue | 4 days ago |
| Active | |||||
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pauljacobson.substack.comLatest Issues
Payroll Employment - 2026-04
Headline
The Daily plots payroll employment as its first chart to report that average employment in April is only 0.4% higher than a year ago. It is not an exciting picture. Part-time movement has been a big issue. Combining hours with e...
CPI Inflation through 2026-05
Headlines
The speed of price change is presumed to affect the efficiency of economic decision making. An ill-planned war does not help either. Measured on a y/y basis, the aggregate change increased from 2.8% to 3.2%, Measured over a 6mo...
Merchandise Trade through 2026-04
Headlines
Energy and prices are moving the current data around. Unwrought gold moved out of the picture. The Daily is useful.
Although imports are up, particularly from the US, exports are also up so that we have a positive global and U...
LFS - through 2026-05
Headlines
Full-time employment leads a charge which highlights the volatility of these survey result. Note QC, BC and AB in this aggregate chart.
Uncertainty in the industrial outlook and policy as well as an unstable source population...
GDP - 2026-03 (Q1)
Headlines
The chattering class call this a technical recession when aggregate gdp-expenditure )black line) stays down for 2 quarters. Note the weak results in exports. Expenditure on inventories provides support but that really is becaus...
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Authors
The writers behind this newsletter.
Retired Economist - making his analysis available as a public service.
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